My elected setup showed up again and here I am to follow my rules and trust my edge. In this chart, I like particularlly the sexy price action change footprint. These two last bullish candles, lastest of which making a 31 bar high (wait for closure - I'm in a rush for Friday night beers, only entering next candly if things remain as is), have a profile...
Classical intermarket technical analysis tells me it's getting riskier and riskier to go long on stocks. Special mention to the 10y treasury yields and commodities bullish sentiment. Turns out I'm not here to pay attention to intermarket technical analysis but to follow autistically my system and the foll set up just presented itself. 1. Stock in an uptrend...
Stocks are on fire today. I'm sure you won't have trouble finding good setups stockswise. Meantime, had been tracking this baby for the past week. Noticing a sweet consolidation with low volatily and an entry trigger, as per my rules, just popped up. 1. Pair in a confirmed uptrend - trading above 50 MA and just consolidating after a 61 day rally. 2. Pair traind...
Very simple setup. This big sexy green candle just brokeout a 29 day tight flag with: 1. gentle retracement only 2. Small red candles 3. Also worthy of a separate mention: SMALL candles contrasting with the size and strength displayed by our sexy green candle. First two points ilustraste lack of bearish attention. Last point foreshadows good odds of a strong...
US markets closed, took the liberty to look for some set ups in the European Markets. A lot of opportunities, would like to stress out out this one. 1. Stock in a beginning stage of an uptrend - price trading above the 50MA. 2. Price in a value zone identified as the latest low of the 80 bar ascending triangle. 3. This fat green candle just emerged as our...
I. Analysis 1. Stock in an uptrends- bias is long 2. Strong gap up on the 26.06 on massive vole 3. Short term downtrend has been closing gap ad prce is now leaning against 50 MA, already with 2 candles showing signs of rejection. In short, we have an uptrend, price is leaning against a value zone (50MA converging with gap closure area) and we're just missing the...
I. Analysis 1. Uptrend interrupted by a steep gap down on massive volume - Structure broken, with price trading below 20 and 50MA - we are looking at shorting opportunities 2. Two price rejection candles have just been formed at: a) 50MA + 20MA area b) cumulatively, previous support, potentially rendered resistance - we are looking at selling entries from...
I. Analysis 1. Since beg May the price has been testing resistance area drawn and bouncing back but making HL 2. Once price tests the resistance area, selling pressure should be able to drive to at least to the previous support. Instead, buying pressure is stepping in at increasingly higher levels, suggesting a breakout may be following 3. In addition to the...
I. Analysis 1. Stock has been making a series of HL, and leaning against the drawn resistance level 2. Price should have bounced back steeper after consecutive tests of the resistance area, but instead, buying pressure is stepping in at consistently higher levels. The above signals that a probable strong breakout is approaching. Just a as sidenote, this has set...
I. Analysis 1. Stock in a healthy uptrend - price tested and reject 50MA level - we are hence looking for long opportunities 2. Pinbar formed on the 27th May set the structure and suggested a support level as the one draw. This support level has just been retested and it happened to converge with the 50MA, another relevant level reinforcing our structure - value...
I. Analysis 1. Stock in strong uptrend as identified by the series of hh/hl - we are looking at long opportunities 2. Stock broke was has been forming a tight build up with decreasing volatility conferring us a structure to trade from - we have a value zone 3. Price broke out to make new hight in the last session and hels - we have an entry trigger Normally...
I. Analysis 1. Stock broke out to make new all time highs (level had been tested as well in 2018), in strong volume and starterd pulling back in lower volume on the 26th May. Retracement hit the the previous resistance level and held - we have an uptrend (strong) and a value zone identified, we are hence looking for opportunities to go long 2. A strong bullish...
I. Analysis 1. Stock in a strong uptrend being consistently supported by the 20MA - trend identified 2. 20 MA tested 4x and held - value zone identified 3. Price rejection candles at the latest 20MA test We are trading with the trend, from a value zone and the entry trigger is not as clean as it should, yet I can identify two bullish pinbar candles at teh avle...
I. Analysis 1. Stock on a healthy uptrend, trading above and finding support at 50MA - trend and structure identified 2. Previous resistance now tested twice and held as new support + 50 MA converging in this area and acting as support - value zone identified 3. Bullish Pinbar with a strong price rejection at the abovementioned emerged as an entry trigger and a...
I. Analysis 1. Stock ranging since end April until beg May after a steep sell off. Broke out below support level tested trice + stock trading below 50MA. - Bias is short 2. Previous support turned into resistance with the breakout had been tested trice and hence works as a good vale area + price is now leaning against 20 and 50MA 3. Bearish engulfing candle formed...
I. Analysis 1. Stock in a healthy downtrend since beg Jan - we have a short bias 2. 50MA are has been tested twice as resistance area and held - we have a value zone 3. Bearish engulfing at 50MA area - we have an entry trigger Simple trade, we have identified a downtrend leading to start looking for short opporutnities. We have identified a value zone, the 50MA....
I. Analysis 1. Strong in an uptrend as defined by the series of hh/hl + price trading above 20MA - looking for long opportunities 2. 20MA tested trice as support and held - value zone identified 3. Significant bullish pinbar formed upon third test of 20MA - entry trigger To sum up, we are trading in the direction of the trend - after all the trend is our friend....
I. Analysis 1. Stock in an uptrend with series of hh/hl. 2. Gap up has now been closed. Value area defined as the bottom of the gap, area where a lot of buying pressure stepped in previously, 3. Bullish hammer formed at this area Another very clean trade, uptrend giving us a long bias, value zone well defined, clean entry trigger just formed. II. Trade 1. Enter...